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10 year outlook for bitcoin

than early Snapchat investor Jeremy Liew and Blockchain CEO Peter Smith who predicted bitcoin prices to hit 500,000 by 2030. Set to automatically reduce by 50 approximately every four years, in 2009 there were 50 BTC per block and by summer 2016 just.5 BTC. Bitcoin prices broke beyond 2,200 yesterday and are continuing to surge ahead at the time of publishing. So what then will happen to Bitcoin in 2017? (Look back at: The Outlook for Bitcoin in 2016 ) 2016 also saw relative price stability in Bitcoin, as its price rose steadily and with lower volatility than had been experienced in the past, and it also gained wider acceptance and legitimacy as a means. So-called Bitcoin supremacy or dominance is also likely to damper efforts of private blockchain implementations that have been attempted largely in the financial sector, notably with the consortium R3CEV or IBM's Hyperledger project.

In last year's Investopedia article looking at how 2016 would shape up, many predictions proved to be correct: increased demand did come from China as bitcoin trade calculator capital controls did tighten and regulators continued to devalue the Yuan systematically. . This top, of course, was followed by a crash in the price of Bitcoin, sending it down to below 250 soon after. Some analysts have speculated the price could double from here to reach 2,100 by year's end while others claim it will fall to zero. In early 2016, Casares joined PayPals board of directors, with the payments giant describing him as a recognized next-generation payment and crypto-currency thought leader. We can't guarantee any profit. Taking the stage at a dinner organized by bitcoin and blockchain advocacy group Coin Center, Casares speech was quite the hit. Personally, I see increased demand given a limited supply and geopolitical events pushing up the price, but how high I cannot guess. Is BTC price going up? However, many things are different this time around. Is BTC a profitable investment? Those efforts have seemed to fail, as Bitcoin continues to climb, its market cap now approaching 18 billion, while its next closer competitor, Ethereum is struggling to break through 1 billion. Some proponents of altcoins had hoped that improvements or enhanced features that made them objectively "better" than Bitcoin would help dislodge it as the dominant player.